Marten Transport (NASDAQ:MRTN) Announces Earnings Results

Marten Transport (NASDAQ:MRTN) issued its quarterly earnings data on Monday. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01, Zacks reports. Marten Transport had a net margin of 3.36% and a return on equity of 4.41%.

Marten Transport Stock Performance

Shares of MRTN stock opened at $16.30 on Tuesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 38.81 and a beta of 0.83. Marten Transport has a one year low of $14.96 and a one year high of $20.24. The company’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $16.90.

Marten Transport Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. Marten Transport’s dividend payout ratio (DPR) is presently 57.14%.

Insiders Place Their Bets

In other Marten Transport news, Director Jerry M. Bauer purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $15.81 per share, with a total value of $158,100.00. Following the acquisition, the director now owns 156,444 shares of the company’s stock, valued at approximately $2,473,379.64. This represents a 6.83 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 22.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MRTN. Raymond James downgraded shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. StockNews.com lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.